Flowers Foods announced that its board of directors has declared a quarterly dividend of $0.16 per share, an increase of 10.3% over the same quarter last year. This is the 56th consecutive quarterly dividend paid by the company and is payable on September 16, 2016 to shareholders of record on September 2, 2016.

"This action demonstrates our board of directors' commitment to prudently allocating capital to enhance returns for shareholders," said Allen L. Shiver, Flowers Foods' president and CEO. "Our board and management team are confident in the strength of the company's cash flow, financial position, and ability to deliver long-term value for shareholders."